TotalEnergies EP Gabon (XPAR:EC) ROCE % : -0.02% (As of Dec. 2023)

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What is TotalEnergies EP Gabon ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. TotalEnergies EP Gabon's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.02%.

TotalEnergies EP Gabon ROCE % Historical Data

The historical data trend for TotalEnergies EP Gabon's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TotalEnergies EP Gabon ROCE % Chart

TotalEnergies EP Gabon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.74

-6.12

1.58

4.72

2.03

TotalEnergies EP Gabon Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															0.34	5.38	3.71	4.02	-0.02

TotalEnergies EP Gabon ROCE % Calculation

TotalEnergies EP Gabon's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	53.769	/	( ( (2944.874 - 194.109)	+	(2726.176 - 177.759) )	/ 2 )
	=	53.769	/	( (2750.765	+	2548.417)	/ 2 )
	=	53.769	/	2649.591
	=	2.03 %

TotalEnergies EP Gabon's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.578	/	( ( (2864.09 - 201.276)	+	(2726.176 - 177.759) )	/ 2 )
	=	-0.578	/	( ( 2662.814	+	2548.417 )	/ 2 )
	=	-0.578	/	2605.6155
	=	-0.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

TotalEnergies EP Gabon (XPAR:EC) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

TotalEnergies EP Gabon ROCE % Related Terms

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TotalEnergies EP Gabon (XPAR:EC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies EP Gabon (XPAR:EC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RZW:Germany

Address

boulevard Hourcq, Port-Gentil, GAB, BP 525

Website

http://www.total.ga

TotalEnergies EP Gabon explores for, produces and sells crude oil and natural gas. The company's sole operation is located in Gabon, Central Africa. Its mining operations are divided into mining concessions and operating licenses.